The Securities Commission of Malaysia (SC) has added crypto Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term Binance to its list of unauthorized firms operating in the country.
“Operating a recognized market without authorization from the SC,” the regulator noted in its remarks.
The southeast Asian country’s regulator has specified Binance.com, the primary exchange platform of the company that offers both crypto-to-fiat and peer-to-peer trading services using the local fiat.
Along with Binance, the SC has added nine other financial companies including eToro, OctaFX, FintechFX, and Fis Fidelity Solution to the list.
For most of the companies, it highlighted that they are “carrying out capital market activities of dealing in securities and derivatives without a valid license.”
It also flagged some for fund management, financial planning, and even misusing SC’s logo.
“The public is advised not to make any investment with companies/individuals that are not licensed or approved by the SC,” the regulator warned.
However, it is not clear how the Malaysian regulator is planning to take action against the platforms on the list including Binance and if they can still continue to offer their services in the country.
Not the regulators' favorite
Notably, this is not the first regulatory notice against Binance when the exchange is aggressively pushing for its global expansion. Most recently, the crypto exchange mammoth was banned in Brazil from offering any crypto derivatives as these instruments fall under securities. If the crypto exchange is willing to continue to offer derivatives, it needs to obtain a license from the regulator.
Earlier this year, the regulator in Malta also clarified that the exchange was not authorized by it and does not fall under its purview - many media companies were regularly citing the exchange as Malta-regulated.
The Securities Commission of Malaysia (SC) has added crypto Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term Binance to its list of unauthorized firms operating in the country.
“Operating a recognized market without authorization from the SC,” the regulator noted in its remarks.
The southeast Asian country’s regulator has specified Binance.com, the primary exchange platform of the company that offers both crypto-to-fiat and peer-to-peer trading services using the local fiat.
Along with Binance, the SC has added nine other financial companies including eToro, OctaFX, FintechFX, and Fis Fidelity Solution to the list.
For most of the companies, it highlighted that they are “carrying out capital market activities of dealing in securities and derivatives without a valid license.”
It also flagged some for fund management, financial planning, and even misusing SC’s logo.
“The public is advised not to make any investment with companies/individuals that are not licensed or approved by the SC,” the regulator warned.
However, it is not clear how the Malaysian regulator is planning to take action against the platforms on the list including Binance and if they can still continue to offer their services in the country.
Not the regulators' favorite
Notably, this is not the first regulatory notice against Binance when the exchange is aggressively pushing for its global expansion. Most recently, the crypto exchange mammoth was banned in Brazil from offering any crypto derivatives as these instruments fall under securities. If the crypto exchange is willing to continue to offer derivatives, it needs to obtain a license from the regulator.
Earlier this year, the regulator in Malta also clarified that the exchange was not authorized by it and does not fall under its purview - many media companies were regularly citing the exchange as Malta-regulated.
